SABMiller To Invest US$100mn

Nigeria is probably the most obvious missing link in SABMiller's African business. It is particularly strong in Southern Africa and has some decent exposure to some of the francophone economies in beer and soft drinks through its joint venture with the Castel Group, but it is still pretty peripheral in Nigeria, where there are more than 150mn people. SABMiller is trying to address this and has announced plans to invest US$100mn in a 500,000-hectolitre plant to be ready by 2012. We estimate that the total size of the Nigerian beer industry will grow to about 18.3mn hectolitres in 2011.

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